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Crypto Investor Loses $6.9 Million in Douyin Cold Wallet Scam Amid Russian FSB and GRU Bitcoin Funding Claims

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Crypto Investor Loses $6.9 Million in Douyin Cold Wallet Scam Amid Russian FSB and GRU Bitcoin Funding Claims

Authors
  • Tymofiy Mylovanov
  • CryptoSavingExpert ®
  • Libertatea

7 posts GPT (4.1 mini)

Published

A crypto investor lost approximately $6.9 million after purchasing a discounted cold wallet through Douyin, the Chinese version of TikTok. The wallet was compromised prior to the sale, with the private key already accessed by malicious actors, according to blockchain security firms including SlowMist. This incident highlights growing concerns over crypto-phishing apps on platforms like Google Play Store that steal users' funds. Additionally, a joint investigation has accused Russian intelligence agencies FSB and GRU of using Bitcoin to fund teenage spies and sabotage operations across Europe, involving crypto wallets valued at around $600 million. These developments underscore increasing risks in the cryptocurrency ecosystem related to both cybercrime and geopolitical espionage.

More breaking stories on DeepNewz — updated live.

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Sources

    Analytics Insight
    Analytics InsightTwitter verified badge
    @analyticsinme

    𝐂𝐫𝐲𝐩𝐭𝐨 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫 𝐋𝐨𝐬𝐞𝐬 $𝟔.𝟗𝐌 𝐢𝐧 𝐃𝐨𝐮𝐲𝐢𝐧 𝐂𝐨𝐥𝐝 𝐖𝐚𝐥𝐥𝐞𝐭 𝐒𝐜𝐚𝐦: 𝐀𝐫𝐞 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭𝐞𝐝 𝐃𝐞𝐯𝐢𝐜𝐞𝐬 𝐒𝐚𝐟𝐞? 🚨 $6.9M in crypto stolen from a single wallet purchased on Douyin’s shop! Blockchain experts say many “factory-sealed”

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    Analytics Insight
    Analytics InsightTwitter verified badge
    @analyticsinme

    𝐑𝐮𝐬𝐬𝐢𝐚 𝐀𝐜𝐜𝐮𝐬𝐞𝐝 𝐨𝐟 𝐔𝐬𝐢𝐧𝐠 𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐭𝐨 𝐅𝐮𝐧𝐝 𝐓𝐞𝐞𝐧 𝐒𝐩𝐢𝐞𝐬, $𝟔𝟎𝟎𝐌 𝐂𝐫𝐲𝐩𝐭𝐨 𝐖𝐚𝐥𝐥𝐞𝐭 𝐓𝐫𝐚𝐜𝐞𝐝 𝐭𝐨 𝐒𝐚𝐛𝐨𝐭𝐚𝐠𝐞 𝐀𝐜𝐫𝐨𝐬𝐬 𝐄𝐮𝐫𝐨𝐩𝐞 🚨 A joint investigation reveals Russia's FSB and GRU using Bitcoin to fund teen spies

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    Mpost Media Group
    Mpost Media GroupTwitter verified badge
    @mpost_io

    💸 An investor has lost $6.5M after purchasing a hardware wallet through the social media platform #Douyin. According to @SlowMist_Team, the victim acquired the discounted device via the Chinese version of TikTok, but the private key had already been compromised during the

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